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Hedonomics: Bridging Decision Research With Happiness Research.

Christopher K Hsee1, Reid Hastie2, Jingqiu Chen3

  • 1University of Chicago Graduate School of Business chris.hsee@chicagogsb.edu reid.hastie@chicagogsb.edu clairepku@gmail.com.

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Enhance happiness by improving how choices are presented, not just by increasing outcomes. This approach, called hedonomics, focuses on presentation and choice design for greater well-being.

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Area of Science:

  • Behavioral Economics
  • Psychology
  • Decision Science

Background:

  • Traditional economics focuses on increasing objective outcomes to boost happiness.
  • This approach often overlooks the impact of presentation and choice architecture on well-being.

Purpose of the Study:

  • Introduce and advocate for hedonomics, a new approach to increasing happiness.
  • Explore the relationship between the presentation of outcomes and happiness.
  • Investigate how choice influences happiness.

Main Methods:

  • Analyzing how the arrangement of outcomes (presentation) affects subjective well-being.
  • Examining the impact of selecting among different options (choice) on happiness levels.

Main Results:

  • Presentation and choice significantly influence happiness, independent of objective outcome levels.
  • Hedonomics offers a complementary strategy to traditional economic approaches for enhancing happiness.

Conclusions:

  • Improving the presentation and choice of external outcomes is a viable method for increasing happiness.
  • Hedonomics provides a framework for understanding and designing for greater subjective well-being.